The Business Bytes
THEBUSINESSBYTES BUREAU
NEW DELHI, MARCH 27, 2025
In a landmark move to strengthen India’s energy security, the government has set an ambitious target of generating 100 gigawatts (GW) of nuclear energy by 2047. Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh announced this in the Rajya Sabha on Thursday, highlighting that nuclear power is expected to contribute 10 percent of the country’s total energy needs.
Marking a historic policy shift, the government has decided to open the nuclear sector to private players for the first time. Dr. Singh called this a “previously unthinkable” decision that breaks long-standing taboos surrounding India’s nuclear programme. “Traditionally, nuclear energy has operated under a veil of secrecy. However, under Prime Minister Narendra Modi’s leadership, we are taking a bold step forward by allowing private sector participation,” he said.
The initiative aims to not only meet the country’s growing energy demands but also provide a cleaner and more stable power source. A key aspect of this strategy is the development of Small Modular Reactors (SMRs), with capacities ranging from 16 MW to 300 MW. These reactors are expected to be a game-changer, especially in remote regions and industrial zones, by offering readily available, environment-friendly electricity.
To support this nuclear expansion, the government has significantly increased funding for atomic energy. Since 2014, the budget for the Department of Atomic Energy has grown by 170 percent. The 2024-25 budget alone has allocated ₹20,000 crore specifically for the indigenous development of at least five Bharat Small Modular Reactors.
India’s long-term nuclear vision also includes leveraging its vast thorium reserves, which constitute 21 percent of the world’s total. Dr. Singh noted that key projects like the Bhavini reactor and the Kudankulam nuclear plant, which had faced delays before 2014, have gained momentum under the current administration.
With strong government backing and the inclusion of private enterprises, India’s nuclear sector is poised for rapid growth, ensuring energy security while positioning the country as a leader in global clean energy solutions.
